Activities of Antolín SÁNCHEZ PRESEDO related to 2011/2010(INI)
Plenary speeches (1)
Insurance guarantee schemes (short presentation)
Amendments (2)
Amendment 24 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Supports the adoption of the ‘home’ country principle – whereby all policies written by an insurer, regardless of location of sale, are covered by the ‘home’ IGS – recognising both that: A) it should be done under the current European supervisory framework and in a way that is coherent with its arrangements; B)under Solvency II the cross-border provision of insurance services will increase; and, BC) the failure of an insurer will be linked to the inadequacy of supervision by the ‘home’ supervisor, and thus the burden of responsibility for failure should be borne by the ‘home’competent IGS;
Amendment 50 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Believes that ‘home’ and ‘host’ supervisors should cooperate fully under the current European supervisory framework to ensure minimised disruption for the policyholder in a ‘host’ country in the event of the failure of an insurer, acting through the college with the participation of EIOPA to ensure consistency of approach between schemes;